85 Price & 75 7 65 6 55+ 5 Social Cost 45- Private Cost 4- 3.5 3 25+ 2 15 1 05 200 500 650 Demand Quantity What will be total revenue after the government intervenes? Carefully follow all numeric instructions. We will use this graph one more time in the next question.
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- Engineering Economics 0006 Please show step by step solutionWhat Is Developing a Performance Measurement and EvaluationSystem?Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Coles County Highway Department hires temporary employees to mow and clean the right-of-way along county roads. The County Road Commissioner has asked you to help her in determining the variable labor cost of mowing and cleaning a mile of road. The following information is available regarding current-year operations: Miles Mowed Labor Month and Cleaned Costs April 240 S6,800 May 305 7,680 June 325 8,310 July 275 7,200 August 220 6,550 September 200 5,760 Оctober 75 4,960 Use the information from the high- and low-volume months to develop a cost-estimating equation for monthly labor costs. Monthly labor costs - $ 3,955 v + $ 13.4 v X Plot the data on a scatter diagram. Using the information from representative high- and low volume months, use the high-low method to develop a cost-estimating equation for monthly labor costs. Monthly labor costs - $ 9,181 x + $ 13.4 x x Adjust the equation developed in…
- S LO 20 # 3 PRICE (Dollars per hot dog) 5. History Bookmarks People Tab Window Help 令) 71% Mind Tap - Cengage Learning /index.html?deploymentld%359828119415547787292595253&elSBN=9780357133606&id%3D1069413986&snapshotid%-D2211990& * CENGAGE MINDTAP Q Search this course Homework (Ch 15) 5. Monopoly outcome versus competition outcome Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many hot dog stands in the city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power. The following graph shows the demand (D) and supply (S = MC) curves in the market for hot dogs. %3D Place the black point (plus symbol) on the graph to indicate the market price and quantity that will result from competition. Competitive Market +. 4.5 PC Outcome 3.5 3.0 2.5 S=MC 1.5 0.5 D. 120 140 160 180 09 QUANTITY (Hot dogs) 40 PI MacBook Air DA DD F8 F6 F5 F4 F2 %24 6. 7. 8. 9- 4. 2.Kindly answer using your words/expertise, including graphs, i will complain if you have used chatgpt as most of the experts are doing.Economics A company sells apples. Annual demand is 20,000, the order cost is $150.00 and the holding cost is 20% of the cost of each item. Cost of each item is $80.00. Calculate: a. The economic order quantity EOQ) b(i) the annual order cost ii) the annual holding cost iii ) total annual cost including cost of items.
- 6. Elasticity and total revenue The following graph shows the daily demand curve for bikes in Houston. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per bike) 300 275 ) 250 225 175 150 125 100 75 50 25 0 0 + 6 12 18 24 30 36 42 48 QUANTITY (B) Demand 54 60 66 72 Total RevenueNeeded in 20 minNote: Plot your polnts In the order In which you would like them connected. Line segments will connect the polnts automatically. 200 175 ATC 150 125 AVC 100 MC 50 25 1 3 4 6 QUANTITY (Pairs of boots) Grade It Now Save & Continue COSTS (Dollars per pair)